{"id":17708,"date":"2021-12-21T06:48:00","date_gmt":"2021-12-21T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17708"},"modified":"2023-02-17T02:41:07","modified_gmt":"2023-02-17T07:41:07","slug":"swing-trading-stocks-122121","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-122121\/","title":{"rendered":"The Wagner Daily &#8211; $AAPL Support Bounce Boosts $QQQ"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211221AAPL.png\" alt=\"aapl daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; December 21, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><br \/><strong><em>MTG Market Timing Model &#8211; SELL&nbsp;&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No trades triggered.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p><strong>Holiday Schedule <\/strong>&#8211; US markets will be closed on Friday, December 24. An abbreviated version of The Wagner Daily will be published on Wednesday night for Thursday&#8217;s session. No report for Thursday night, but we are back to&nbsp;work on Sunday night.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Happy Holidays!<\/strong><\/p>\n\n\n\n<p>The Nasdaq Composite reversed from an undercut of an obvious swing low and closed well off the lows of the session. The bullish reversal could spark a short-term bounce with a ton of resistance in the 15,300 to 15,600 area.<\/p>\n\n\n\n<p>Since the Nasdaq set a new low, the follow-through day count resets with Monday&#8217;s reversal now day one of a new rally attempt.&nbsp; A follow-through day can occur on day 4 or later of a rally (it&#8217;s possible on day 3 but all 3 days must be explosive).&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211221IXIC.png\" alt=\"Nasdaq comp daily\" title=\"\"><\/figure>\n\n\n\n<p>The S&amp;P 500 closed off the lows of the session but sliced through the 50-day MA. Overall, the daily chart remains the same&#8230;.one big range.&nbsp; Let&#8217;s see if the price can clear Monday&#8217;s high and hold. If not, then a test\/undercut of the December low could be in play.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211221SPX.png\" alt=\"ARKK ETF \" title=\"\"><\/figure>\n\n\n\n<p>In our last report, we discussed $AAPL potentially finding support at the 20-day EMA which played out on Monday. A bounce off the 20-day EMA could help lift $QQQ higher this week.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211221AAPL.png\" alt=\"aapl daily \" title=\"\"><\/figure>\n\n\n\n<p>$MRVL closed with an inside day between the 10 and 20-day EMAs. Under better conditions, this is the type of low-risk entry we would take.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211221MRVL.png\" alt=\"MRVL daily \" title=\"\"><\/figure>\n\n\n\n<p>$CIEN&#8217;s bull flag action at the highs is impressive.&nbsp; Note the RS line moving to new highs ahead of price, a bullish sign.&nbsp; Tough to get long here with no evidence of a bottom in place.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211221CIEN.png\" alt=\"CIEN daily \" title=\"\"><\/figure>\n\n\n\n<p>Although the market could bounce in the short term, we have no plans to go long until there is more evidence of a market bottom in place.&nbsp;<\/p>\n\n\n\n<p>It&#8217;s tough to sit back and do nothing, but going long in this environment doesn&#8217;t carry much of an edge.&nbsp; Short setups may be in play later this week or next if the averages bounce.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>none<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our last report, we discussed $AAPL potentially finding support at the 20-day EMA which played out on Monday. A bounce off the 20-day EMA could help lift $QQQ higher this week.<\/p>\n","protected":false},"author":2,"featured_media":12060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[782],"tags":[],"class_list":["post-17708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wagner-daily-archives"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=17708"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17708\/revisions"}],"predecessor-version":[{"id":17726,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17708\/revisions\/17726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/12060"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=17708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}